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Pension Schemes Act 2021
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Changes to legislation:
There are currently no known outstanding effects for the Pension Schemes Act 2021, Paragraph 21.
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21E+W+SIn Schedule 2 (the reserved regulatory functions), after Part 4A insert—
“PART 4BE+W+SFunctions under Part 1 of the Pension Schemes Act 2021
44HThe power to give a direction under section 23(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).
44IThe power to give a direction under section 29(6) (direction to implement proposals in a resolution plan).
44JThe power under section 30 to withdraw authorisation of a collective money purchase scheme.
44KThe power to give a direction under section 41(4) (direction to pursue a continuity option).
44LThe power to make a pause order under section 44.
44MThe power to make an order under paragraph 2(2) of Schedule 2 extending the period for which a pause order has effect.
44NThe power to make an order under paragraph 3 of Schedule 2 validating action taken in contravention of a pause order.
44OThe power to make an order under paragraph 4(3) of Schedule 2 directing the notification of members or employers.”
Commencement Information
I1Sch. 3 para. 21 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I2Sch. 3 para. 21 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)
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